Word: burnham
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...subject Milken studiously avoided was the intensive 22-month federal probe of the junk-bond department he heads at the Drexel Burnham Lambert investment firm, but the matter soon forced itself on him. Suddenly his lawyer . was summoned from the room. Within minutes he returned and led Milken away. Down the hall the attorney informed Milken that a long-feared moment had arrived: the Securities and Exchange Commission was filing a weighty civil complaint against him, his employer and several colleagues...
...securities traders, a federal grand jury indicted six men on criminal charges that they evaded taxes through dozens of fraudulent stock deals. The accused -- five top officers of Princeton/Newport, an investment partnership with offices in New Jersey and California, and a former trader for the Wall Street firm Drexel Burnham Lambert -- could face prison terms of up to 20 years each and fines totaling $19 million...
...continue to have more applicants than openings," says a spokesman for Drexel Burnham Lambert, Inc. "After the crash, obviously, there was perhaps less of an interest in Wall Street, [but] we haven't really noticed anything...
...House subcommittee is pursuing a separate suspicion -- that Milken and other Drexel Burnham employees may have taken huge profits at the expense of the firm's customers. Congressional documents show that on several occasions partnerships involving Drexel Burnham employees bought up large stakes in the firm's new junk-bond issues, then sold them at a profit. At the same time, some of the firm's clients reportedly found that their access to the issues was sharply limited...
Frederick Joseph, Drexel Burnham's chief executive, testified last week in defense of his firm. He insisted that Drexel Burnham did not give employee partnerships preferential treatment over the firm's clients. The House panel, however, plans to continue its probe...